Topic: BCX.... ()==[:::::::::::::> << BATTLECOIN >> ︻╦╤─ - - Official thread - page 33. (Read 54468 times)
December 01, 2013, 11:34:54 PM
December 01, 2013, 11:18:58 PM
***************please if you like the idea comment for me in the post***********
Q: but why would i want to mine tho if someones gonna upvote ie :FTC and DGC is more profitable
A:
That is where the subsidy comes in.
When people pay to switch it to that less profitable coin they are paying the miner(s) with their "votes or "BATTLES", Their coin to redirect the pool . Those "BATTLES" are then split between all the people mining to make up the difference for not mining the most profitable coin.
The votes would have to be relevant to the difference in profitability :
so lets say profitability of ANC is 3000% of BTC and someone is wanting you to mine zeta coin @ 80% of BTC the vote would cost them the relative difference between the top coin and the coin they are wanting you to mine. It is insuring the miners get paid TOP DOLLAR all the time.
You would get the coin being mined or equivalent in BTC plus a % of the "BATTLE BOUNTY" relative to your share of hashpower.
Q; so i would have to invest into BC to share voting access?
A: I was thinking of more along the lines of using a totally new coin that will be fair released prior to the implementation of the "ARENA" .
"BATTLE COIN" would be used in the voting process and you would need to buy Battle Coin with accepted currency.
Q: why wouldn't everyone just in agreement vote to say FTC to split profit?
A: The pool will be on a rolling time limit . Each vote will be set to expire relative to the profitability of the coin being mined.So people would have to keep paying in to keep it Mining say FTC when ANC is more profitable.
so eventually it would not be profitable to pay for that coin and mine that coin as well. When people stop paying for the hash to change , then the pool would default back to most profitable coin to be mined.
This is a way for people with money to spend and no machines to mine with, to be able to control large amounts of hash power .
Developers of coins might use this service to add extra hash to their network for a little bit to get them through a drought.
people might "Battle" over ftc controlling the hash power ot DGC controlling it.
If you get enough scrypt hash together people pay big money for it.
Q:
Yes but wouldnt that hurt the little joe with 2k hash
A:
No the joe with 2k hash is mining our pool. He is not only getting paid for his hash but he is making what he mines as well.
Of course, minus the pools cut and fees if he wants it exchanged for btc.
Q:
What Does the pool get out of this?
A:
The only thing the pool gets is its fees for the service.
The standard is 3% for exchange of coin to BTC
2% for mining on the pool to pay for bandwidth and such .
Also it is usually customary to tip or donate 1% of your mining proceeds. This money goes directly split between the developers for all of their hard work..
( fees would most likely be lower of course in the beginning to get folks on board)
Q: but why would i want to mine tho if someones gonna upvote ie :FTC and DGC is more profitable
A:
That is where the subsidy comes in.
When people pay to switch it to that less profitable coin they are paying the miner(s) with their "votes or "BATTLES", Their coin to redirect the pool . Those "BATTLES" are then split between all the people mining to make up the difference for not mining the most profitable coin.
The votes would have to be relevant to the difference in profitability :
You would get the coin being mined or equivalent in BTC plus a % of the "BATTLE BOUNTY" relative to your share of hashpower.
Q; so i would have to invest into BC to share voting access?
A: I was thinking of more along the lines of using a totally new coin that will be fair released prior to the implementation of the "ARENA" .
"BATTLE COIN" would be used in the voting process and you would need to buy Battle Coin with accepted currency.
Q: why wouldn't everyone just in agreement vote to say FTC to split profit?
A: The pool will be on a rolling time limit . Each vote will be set to expire relative to the profitability of the coin being mined.So people would have to keep paying in to keep it Mining say FTC when ANC is more profitable.
so eventually it would not be profitable to pay for that coin and mine that coin as well. When people stop paying for the hash to change , then the pool would default back to most profitable coin to be mined.
This is a way for people with money to spend and no machines to mine with, to be able to control large amounts of hash power .
Developers of coins might use this service to add extra hash to their network for a little bit to get them through a drought.
people might "Battle" over ftc controlling the hash power ot DGC controlling it.
If you get enough scrypt hash together people pay big money for it.
Q:
Yes but wouldnt that hurt the little joe with 2k hash
A:
No the joe with 2k hash is mining our pool. He is not only getting paid for his hash but he is making what he mines as well.
Of course, minus the pools cut and fees if he wants it exchanged for btc.
Q:
What Does the pool get out of this?
A:
The only thing the pool gets is its fees for the service.
The standard is 3% for exchange of coin to BTC
2% for mining on the pool to pay for bandwidth and such .
Also it is usually customary to tip or donate 1% of your mining proceeds. This money goes directly split between the developers for all of their hard work..
( fees would most likely be lower of course in the beginning to get folks on board)
December 01, 2013, 11:17:20 PM
We would like to start off by letting everyone Know that this coin is in no way related to Bitcoin EXpress . You may find details on our website..
Go to our website or you can use these Mirrors
LINUX
https://github.com/battlecoin/Battlecoinsource
MAC:
http://www.mediafire.com/download/zbjzil8iv97e445/Battlecoin-Qt-0.2.1.2-Mac.zip
WINDOWS:
http://www.mediafire.com/download/2yugdxq2brg67hx/battlecoin_0.2.1.3_WindowsQT.rar
Do you like multipools similar to HashCows?
Have you ever wish you could just change it from mining a certain coin for another coin you like?
Are you a developer that might want to add extra hash to your coin?
Would you just like to be an ass and control a bunch of hashpower?
Hash Cows is a great concept. And we are trying to take that concept to a new level with BATTLECOIN.
How it works:
You will have the option to mine and keep what the pool is mining or have it exchange the coin for bitcoin automatically for you. as always it will be looking for that most profitable coin.
Now lets say we add a little control to the users and general public.
Yes thats right...
In this concept we are giving the anyone with money a chance to control the miners hash power..
You might say well where is the incentive to the miner if they are no longer mining the most profitable coin?
Well to overcome this problem by default the miners will be mining the most profitable coin unless someone votes up another coin...
Votes will be on a rolling basis
Here is the catch they don't just vote with their finger they vote with crypto and the miners will also receive a portion of those shares as well.
(one vote good for X amount of time TBD to keep it profitable for the miners to keep their hash with the pool through the fee share subsidy instead of going to go mine somewhere else. )
So , They will mine the coin most voted and collect the revenue made from mining the coin plus get a payout on all the votes sold.
(Votes will be cheap so everyone can have a chance at controlling the hash power. )
If all the voting power has run out the pool will automatically switch back over to mining the most profitable coin.
Thanks.
I want to give special Mention to:
Mr. Big with MINEBIG.com for hosting our pool at bcx.minebig.com
Dyoungii with dencoinpools.com for helping with pool set up and block crawler
BTC= 1uJvkTkpHvHYeE77RcCUoxJMhbciuTXe7
ANC=ALX8n95FXUuZy2XuhFNsDAJb1TyzPW2kxZ
LTC=LMYCefNKdEDe1Ghp6tst3ZuDVWRoAwW3mc
XPM=ARVmHuHsKhsMCFN3fKwyZ7EvGy3NmCFuT1
HBN=EykLGyrv2oncbToPTAjuGwc8f8Tu6mkqXf
Go to our website or you can use these Mirrors
LINUX
https://github.com/battlecoin/Battlecoinsource
MAC:
http://www.mediafire.com/download/zbjzil8iv97e445/Battlecoin-Qt-0.2.1.2-Mac.zip
WINDOWS:
http://www.mediafire.com/download/2yugdxq2brg67hx/battlecoin_0.2.1.3_WindowsQT.rar
WAR IS IMMINENT!
The Arena will soon Be open for Battle!
You can Start by going to:
www.BattleCoinXchange.com
and Grabbing a wallet. We will Have the official launch on that page first. We want everyone to have an opportunity to mine so we will launch a pool at the same time we launch the wallets. We will also launch with an elevated Difficulty to help prevent "insta-mining" with the asics .
Now traded on Cryptsy
BATTLECOIN... BCX = BQYw9NeqyHkEvgQR1joVyGoTFYpvKsfj4k
Specs:
SHA-256
ASIC ready coin
RPCport 18715
108.219.98.156
162.243.248.129
162.219.176.50
108.208.35.10
202.198.62.133
95.92.43.157
Small 3% Premine.
2% VIP Premine
This is not for my personal pocket like everyone likes to scream when they see premine. We will probably get blowback too but please let me explain
The premine in question is a necessity for our concept. Not only is it for Bounties and Giveaways But later it will be used to fund the "arena" when it is finished being built.
The other 2% VIP premine is for people that Invested money in our concept, Beta testers , and people that provided or will provide services for us.
We didn't forget about the early warriors! There will be a 5000 block 500 coins per block early Warrior Bonus for all of the people who like our concept and want to contribute to the network and test the Arena after it gets built.
we are releasing with an elevated difficulty to prevent ASIC "insta-mine."
100,000,000 Total coins
After the early bonus round it will be
50 coins per block no gimmicks or random superblocks
2 min battle-time (block target)
looking back over the last 10 battles (blocks)
1% Stake, 10 days required, 20 days to full age
You can Start by going to:
www.BattleCoinXchange.com
and Grabbing a wallet. We will Have the official launch on that page first. We want everyone to have an opportunity to mine so we will launch a pool at the same time we launch the wallets. We will also launch with an elevated Difficulty to help prevent "insta-mining" with the asics .
EXCHANGE
Now traded on Cryptsy
BATTLECOIN... BCX = BQYw9NeqyHkEvgQR1joVyGoTFYpvKsfj4k
Specs:
SHA-256
ASIC ready coin
RPCport 18715
108.219.98.156
162.243.248.129
162.219.176.50
108.208.35.10
202.198.62.133
95.92.43.157
Small 3% Premine.
2% VIP Premine
This is not for my personal pocket like everyone likes to scream when they see premine. We will probably get blowback too but please let me explain
The premine in question is a necessity for our concept. Not only is it for Bounties and Giveaways But later it will be used to fund the "arena" when it is finished being built.
The other 2% VIP premine is for people that Invested money in our concept, Beta testers , and people that provided or will provide services for us.
We didn't forget about the early warriors! There will be a 5000 block 500 coins per block early Warrior Bonus for all of the people who like our concept and want to contribute to the network and test the Arena after it gets built.
we are releasing with an elevated difficulty to prevent ASIC "insta-mine."
100,000,000 Total coins
After the early bonus round it will be
50 coins per block no gimmicks or random superblocks
2 min battle-time (block target)
looking back over the last 10 battles (blocks)
1% Stake, 10 days required, 20 days to full age
()==[:::::::::::::> BATTLECOIN ︻╦╤─ - -
IRC #battlecoin
[/size]Do you like multipools similar to HashCows?
Have you ever wish you could just change it from mining a certain coin for another coin you like?
Are you a developer that might want to add extra hash to your coin?
Would you just like to be an ass and control a bunch of hashpower?
Hash Cows is a great concept. And we are trying to take that concept to a new level with BATTLECOIN.
How it works:
You will have the option to mine and keep what the pool is mining or have it exchange the coin for bitcoin automatically for you. as always it will be looking for that most profitable coin.
Now lets say we add a little control to the users and general public.
Yes thats right...
In this concept we are giving the anyone with money a chance to control the miners hash power..
You might say well where is the incentive to the miner if they are no longer mining the most profitable coin?
Well to overcome this problem by default the miners will be mining the most profitable coin unless someone votes up another coin...
Votes will be on a rolling basis
Here is the catch they don't just vote with their finger they vote with crypto and the miners will also receive a portion of those shares as well.
(one vote good for X amount of time TBD to keep it profitable for the miners to keep their hash with the pool through the fee share subsidy instead of going to go mine somewhere else. )
So , They will mine the coin most voted and collect the revenue made from mining the coin plus get a payout on all the votes sold.
(Votes will be cheap so everyone can have a chance at controlling the hash power. )
If all the voting power has run out the pool will automatically switch back over to mining the most profitable coin.
Thanks.
I want to give special Mention to:
Mr. Big with MINEBIG.com for hosting our pool at bcx.minebig.com
Dyoungii with dencoinpools.com for helping with pool set up and block crawler
BTC= 1uJvkTkpHvHYeE77RcCUoxJMhbciuTXe7
ANC=ALX8n95FXUuZy2XuhFNsDAJb1TyzPW2kxZ
LTC=LMYCefNKdEDe1Ghp6tst3ZuDVWRoAwW3mc
XPM=ARVmHuHsKhsMCFN3fKwyZ7EvGy3NmCFuT1
HBN=EykLGyrv2oncbToPTAjuGwc8f8Tu6mkqXf
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